One of the most difficult aspects of launching a start-up and running a small business is finding enough capital to sustain things through the lean years. One of the many reasons why small businesses fail in the first few years is that they can’t find enough money to keep things afloat. After all, a business is only an idea if you don’t have the money or resources to get it off the ground, right?
Whether you are about to open shop or working your way through the first few years of operations, it’s important to reflect on the following questions related to funding your small business:
• How much money do I need to make my business idea a reality?
• How much money am I willing to invest? How long will this last?
• Do I have friends,